ყოველვკირეული კაპიტალის ბაზრების მიმოხილვა

US equity markets ended the week mostly lower as gains in AI and large-cap technology were outweighed by concerns over rising inflation, higher Treasury yields, and elevated energy prices. The S&P 500 briefly reached a record high on Thursday before pulling back, finishing the week up 9.57 points to 7,408.50 (+8.22% YTD). The Dow Jones Industrial Average fell 82.99 points, while the Nasdaq Composite slipped 21.93 points. Energy was the best-performing sector, while consumer discretionary, real estate, and materials led declines.

Federal Reserve-related dynamics were driven by hotter inflation and tighter policy expectations. The CPI rose 0.6% m/m in April and 3.8% y/y, the fastest annual pace since May 2023, with core CPI up 0.4% m/m and 2.8% y/y. Producer prices increased 1.4% m/m and 6.0% y/y, the largest monthly gain since March 2022, reinforcing persistent inflation pressures. U.S. 10-year Treasury yields rose to around 4.59%, their highest level in over a year, as markets priced in the likelihood of the Federal Reserve keeping policy restrictive for longer. Retail sales rose 0.5% in April, while initial jobless claims increased to 211,000.

Europe ended lower as geopolitical uncertainty and inflation concerns weighed on sentiment despite solid earnings. The STOXX Europe 600 fell 0.85%. Germany’s DAX declined 1.59%, France’s CAC 40 dropped 1.97%, Italy’s FTSE MIB fell 0.35%, and the UK’s FTSE 100 slipped 0.37%. Concerns around stalled U.S.-Iran talks added to energy-price-driven inflation risks across the region.